Product Brochure Collaborus Digital Insurance Distribution & Policy Processing via eBao Cloud
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Product Brochure
Collaborus Digital Insurance Distribution & Policy Processing
via eBao Cloud
2
Introducing Collaborus Cloud
Collaborus is a global digital insurance platform, with multi-lingual (real time language switch), multi-currency capability, full lifecycle insurance distribution and policy administration available via cloud. Its core focus is on enabling distribution partners (such as brokers and agents) to quote, issue, service, cancel, renew and reinstate policies. Automated rating and underwriting functions ensure full lifecycle externalisation for all policy transactions. Collaborus Cloud also allows internal operations staff and underwriters to manage transactions and supports a full paperless workflow between internal / external users and underwriters.
In summary - a truly cloud enabled digital insurance system.
Dealer
Direct Market
Broker
Internal Service
Distribution to Market
Insurance Platform Collaborus
Full policy lifecycle (quote, new business, endorsements through to renewal)
Straight through processing available for all channels
Electronic negotiation model between underwriter and producer or client (including notification, review and approval)
Integrate to 3rd party systems for external underwriting data
Up to 100% zero touch for insurance staff throughout lifecycle of policy
Access to data for sales & actuarial underwriting analysis
Business user product configuration tool
ACORD compliant
Increased mobility across platforms and devices (Android, Apple and Windows)
Configurable and Out of the Box Products
Affinity
Consumer:
Home Owner | Motor | Landlord I Travel
Agent Distribution
- Policy Queries- Referral Mgmt- Renewal Review
- Branch- Service Centre- Affinity Internet Site
- Auto Dealer- Branch, Call Centre - Dealer Internet
- Call Centre- Branch Network- Insurer’s Internet
- Branch Network- Captive Agent- Wholesale & Retail
- Direct Integration- Via Exchanges & Hubs- Via Aggregator
Automated Work�ow Product StudioGlobal MobilityGlobal Platform, regional installations with country level customisations (language, taxes & charges)
Mobility across platforms and devices (Android, Apple & Microsoft)
Multi-language, currency, channel, jurisdiction/country, product lines
Enable collaboration between channels and back office, optimize the efficiency across the value chain
Allow channel self service via agents, brokers and customers for complete “full lifecycle portfolio management” through “Externalized Portal”.
•
•
•
•
•
End to end full policy lifecycle distribution platform & administration
General Insurance workflow targeting full automation
Enables intermediaries and insurance staff to access policy records and make changes
Automated process driven by rules built into contract management lifecycle
Via Straight-through processing, significant efficiencies can be gained, reducing operational costs and streamlining processes.
•
•
•
•
• Business user friendly product configuration studio – designed in hours!
Platform is highly adaptable through configuration to ensure speed to market
Offers user interface, rules, rating, document generation and integration framework
Tools are provided for business users to easily create/modify products, including rules, rating, documents & user interface, with no IT involvement.
•
•
•
•
A Powerful Digital Distribution Platform for Accelerated Growth and Pro�tability
Collaborus Cloud enables insurance companies to grow consumer and commercial product lines rapidly and profitably. With Collaborus Cloud, agents and brokers can quote and bind in less than 3 minutes and perform endorsements and renewals even faster. Documents can be automatically generated in seconds. Insurers have BIG DATA for sales and actuarial underwriting analysis.
Commercial:
Small Business (SME) | General Liability | Cyber I Workers Compensation | Marine I
Travel I Professional indemnity
•
•
•
•
•
•
•
•
•
3
•
Figure 2: Collaborus Cloud Studio
Clean Design for Rapid Time-to-Market
Collaborus Cloud is channel agnostic, so it promotes digital distribution. It provides an efficient way to deploy an insurance product, driving consistency and portability into new markets. With its highly configuration-driven rating, rules, user interface and documentation design, Collaborus allows implementation in short time-frames.
E�cient Operations for Insurers and Distributers
With the Collaborus platform, insurers can empower agents and brokers to handle fulfilment processes, resulting in faster, more efficient service for customers. Collaborus provides transaction management and automated rating at intermediary fingertips “out of the box”. The platform allows underwriters to focus on underwriting instead of paperwork processing. All records are stored online - streamlining audit, underwriting, and claims interaction.
Figure 1: Collaborus Cloud Runtime
Collaborus Cloud Runtime – Detailed Feature Inclusions Out of the Box
Distribution and administration of all policies in real-time
Multiple user interface layouts; including role based controls
Referral management
Conditional clause – policy extension and exclusions (including rateable clauses)
Automated premium calculations for endorsement, cancellation and renewal for distributers and underwriters
Premium adjustments / distributers and underwriters
Attach comments and files, build conversation and audit history between distributers and underwriters
•
•
• •
•
•
•
Policy comparison / history / controls
On field, on page, on policy level rules including validation, referral, decline and clause attachments
Claims data look up for automated rating and underwriting
Dynamic document generation with real time e-mail, and distribution via mail house
Configure renewal strategy for policies
Service level agreement reports on underwriter response times
Support out of sequence endorsement and mid-term policy transfers
Support for distributer and underwriter dashboards
Instalment billing
•
•
•
•
•
•
•
Collaborus Product Studio
The product studio allows definition, design and publishing of a product by a business user. Configuration tools are available to quickly create a product and view in real time. Features within Studio include:
Out of the box country definition
Sample products - consumer and commercial
Design product using multiple product structures
Creation of data dictionary of elements
User interface design – easily create, clone and import products using drag and drop interface
Business rules configuration including declines, referrals and page level validation
Define rating algorithm using a combination of intuitive expression builders and steps
Document template printing and online design
Define reporting extracts for BIG DATA
Product design, approval & publishing workflow
• •
•
•
•
•
•
•
•
• •
•
http://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-namehttp://www.linkedin.com/company/collaborus?trk=biz-brand-tree-co-name
https://twitter.com/CollaborusCloud /https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud /https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud / https://twitter.com/CollaborusCloud /
Copyright © 2016 eBaoTech Corporation. All rights reserved. Any and all product name(s) and content(s) mentioned in this document are the property of their respective owners. This document may also include the trademarks, trade names, and service marks of companies other than eBaoTech Corporation. Permission in writing to copy, reprint, republish and/or distribute this document in whole or any part hereof for any purposes must be obtained in advance from eBaoTech.Collaborus201607-EN
About eBaoTecheBaoTech’s mission is to “make insurance easy”. With more than 150 installations in more than 30 countries, eBaoTech is one of the global leaders in insurance technology. From its birth in year 2000, eBaoTech has been an innovation leader at the intersection of insurance and internet. eBaoTech offers world leading insurance software solutions for both life and general insurances. eBaoTech’s hallmark is “Rapid Customer Success” (RCS), with a strong focus on delivering business value to its customers fast. Digital insurance is the central theme in the coming years and eBaoTech is well positioned to be a global leading partner for insurance industry to move to the digital age. For more information, please visit www.ebaotech.com.
Benefits Features
Role based access provides audit and controls to your requirements
User Access Support for:
• Internal processors, underwriters, managers, product configuration managers• External agents, brokers, end users• Technical users (system support administrators)
Simplified Multi-Channel Management: One platform and one product for multiple markets
Supports Broker, Direct, Captive Agent and Affinity
Efficient operations for insurers and distribution partners
• “Out of the box”, consumer and commercial products• Tool driven studio• Simplified change management and release to market• Design User Interface – rules, rating, documents in real time
Reduced IT Footprint
• Out of the box Cloud ready• 90% of capability into hands of business and product designer• Reduce cost and impact of change management
Simplified IT footprint, reducing cost and increasing product up time via:
Maintain control of products at global, regional and country level. Use one platform to manage products in different jurisdictions. Perform audits on all policies (irrespective of language) remotely
• Multi-lingual, multi-currency• Country level customised printed documents • Country/regional address standards
Figure 3: Key Benefits and Features
Local Country/Regulation: Complies with local requirements including:
Data Consistency and integrity maintained at all time. Eliminate rekeying of data • Existing regional agent portal
• CRM Systems• Back office systems• Data warehouse• Payment gateways
Integrates with:
Quick to market
• Configuration of flexible referral• Management of workflow• Supports Quick Quote, Quote, New business, Endorsement, Cancellation, Reinstatement, Renewal invitation, Renewal• Includes manual work flow and automated system features• Allows user to save, suspend, edit, lapse, view, delete, assign and abort transactions
w@
For more information:
www.ebaotech.com/contact-us/worldwide-offices/
CollaborusCloud
eBaoTech Collaborus Distribution Platform
Related Documents
